RETAIL INVESTMENT WITH RESIDENTIAL PLANNING CONSENT

122 High Street, Newmarket, Suffolk

INVESTMENT HIGHLIGHTS Freehold Located in town centre Let to Match Club Ltd – not in occupation Lease expiring on 9 August 2021 at a rent of £65,000 per annuum. Planning consent for the upper parts to provide 9 residential units. LOCATION Newmarket is an historic Suffolk market town and the home of British horse racing. The town is located approximately 13 miles east of Cambridge, 17 miles west of Bury St Edmunds and 65 miles north east of London. The town benefits from good communicationlinks with the A14 linking to the A1/M1 and the A11/M11. Rail connections to London’s King’s Cross Station provide a fastest journey time of approximately 1 hour 20 minutes from Newmarket station. Both London Stansted and London Luton Airports are located approximately 35 miles to the south and 52 miles to the south west respectively. The High Street is the prime retail pitch in the town providing a mixture of retail, food and leisure facilities, nearby occupiersinclude Caffé Nero, Pizza Express, New Look, Peacocks and numerous other national and regional occupiers.

122 High Street|Newmarket|Suffolk

122 High Street Newmarket| Suffolk

Offers in excess of £800,000

122 High Street|Newmarket|Suffolk

DESCRIPTION The property comprises a 1960’s two storey concrete framed building, with a single storey extension to the rear, under a flat felt roof to the main part of the building and pitched tiled roof to the extension. There is a service yard to the side and rear of the property. At ground floor the property comprises a retail area and separate storeroom in the rear extension. The first floor comprises ancillary storage accommodation. ACCOMMODATION The property provides the following Net Internal floor areas:- FLOOR USE AREA

Sq m Sq ft Ground Sales 265.60 2,859 ITZA 96.89 1,043 Store 130.53 1,405 Total 396.13 4,264 First Store 322.37 3,470

PLANNING The property lies within a conservation area but is not Listed. Planning was granted in August 2019 for the conversion of the first floor and an additional storey to provide 9 residential units - Application No: DC/17/2674/FUL.

TENURE Freehold. The property benefits from a right of way over the land shaded brown and is subject to a right of way benefitting the neighbouring property over the land hatched blue.

TENANCY The property is let to Match Club Limited on a lease expiring on 9 August 2021 at a rent of £65,000 per annum and on full repairing and insuring terms. The tenant is not in occupation. VAT It is our understanding that the property is not elected for VAT EPC A copy of the EPC is available on request

CONSENTED PLANS

122 High Street|Newmarket|Suffolk

MISREPRESENTATION ACT 1967: Arkwright & Co for themselves and for Vendors of this property whose Agents they are give notice that:- The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Arkwright & Co has any authority to make or give any representation or warranty whatsoever in relation to the property. FINANCE ACT 1989 Unless otherwise stated, all prices and rents are quoted exclusive of VAT. These details are believed to be correct at the time of compilation but may be subject to subsequent amendments. These details were prepared in February 2020.

115 Mount Street, London, W1K 3NQ

Tel: 020 7495 7090www.johnarkwright.co.uk

51 High Street, Saffron Walden, Essex, CB10 1AR

Tel: 01799 668 600 www.arkwrightandco.co.uk

PROPOSAL

We are instructed to seek offers in excess of £800,000 (Eight Hundred Thousand Pounds), subject to contract

FURTHER INFORMATION

For further information, please contact;

Bertie Arkwright: bertie.arkwright@jarkwright.co.uk

020 7495 7090

Ed Bunbury: ed.bunbury@jarkwright.co.uk

020 7495 7090